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Venture capital firm Tabula Rasa Ventures launched a psychedelics business incubator.
Psychedelic Builders, a three-month program, has taken on seven participants — three in the exploratory phase — along with four startups.
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The goals of the incubator are to take psychedelic and psychedelic-adjacent startups and provide executive mentorship, increase diversity and inclusion within the psychedelic industry, and develop infrastructure for these entrepreneurs who won't have access to traditional capital, the company explained.
"This industry is still in its infancy, and Tabula Rasa Ventures's mission is to provide impact-driven value, so we see this as a perfect opportunity to do that - through the next generation of entrepreneurs," said Tabula Rasa Ventures Founder Marik Hazan.
Some of the startups include companies like Psychedelic Insights, a business that provides private, single-day psychedelic sessions with psychological guidance for safe psychedelic experiences in Amsterdam; and Speak AI, a speech analysis software company that extracts insights like personality, tone, and clarity from audio, video, and text.
The firm is currently taking applications for its Fall 2020 program at psychedelic.builders.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.